Short Interest in Siemens Energy AG (OTCMKTS:SMNEY) Rises By 228.6%

Siemens Energy AG (OTCMKTS:SMNEY) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 2,300 shares, an increase of 228.6% from the September 15th total of 700 shares. Based on an average daily volume of 133,600 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. The Goldman Sachs Group raised shares of Siemens Energy to a “strong-buy” rating in a report on Thursday, August 8th. Berenberg Bank raised shares of Siemens Energy to a “strong-buy” rating in a report on Tuesday, June 25th. Sanford C. Bernstein raised shares of Siemens Energy to a “strong sell” rating in a report on Thursday, August 8th. Finally, UBS Group upgraded shares of Siemens Energy to a “hold” rating in a research report on Thursday, August 8th.

Siemens Energy Trading Down 2.3 %

Shares of Siemens Energy stock traded down $0.90 during trading hours on Thursday, reaching $38.02. The stock had a trading volume of 26,337 shares, compared to its average volume of 38,678. The stock’s 50 day moving average is $31.21 and its 200 day moving average is $26.72. The firm has a market capitalization of $30.39 billion and a PE ratio of 53.10. Siemens Energy has a twelve month low of $7.21 and a twelve month high of $39.05.

About Siemens Energy

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.